Form of Allocation. As promptly as practicable after a determination is made pursuant to Section 6.02 that a Plan Share Award is to be issued, the Committee shall notify the Recipient in writing of the grant of the Award, the number of Plan Shares covered by the Award and the terms upon which the Plan Shares subject to the Award may be earned. The date on which the Committee so notifies the Recipient shall be considered the date of grant of the Plan Share Award. The Committee shall maintain records as to all grants of Plan Share Awards under the Plan.
Appears in 1 contract
Sources: Management Development and Recognition Plan and Trust Agreement (CSB Financial Group Inc)
Form of Allocation. As promptly as practicable after a determination is made pursuant to Section 6.02 6.2 that a Plan Share Award is to be issued, the Committee shall notify the Recipient in writing of the grant of the Award, the number of Plan Shares covered by the Award and the terms upon which the Plan Shares subject to the Award may be earned. The date on which the Committee so notifies the Recipient shall be considered the date of grant of the Plan Share Award. The Committee shall maintain records as to all grants of Plan Share Awards under the Plan.
Appears in 1 contract
Sources: Management Development and Recognition Plan and Trust Agreement (Cgb&l Financial Group Inc)
Form of Allocation. As promptly as practicable after a determination is made pursuant to Section 6.02 that a Plan Share Award is to be issuedmade, the Committee shall notify the Recipient in writing of the grant of the Award, the number of Plan Shares covered by the Award Award, and the terms upon which the Plan Shares subject to the Award may be earned. The date on which stock certificate for Plan Share Awards shall be registered in the Committee so notifies name of the Recipient shall be considered until forfeited or transferred by the date of grant of the Plan Share AwardRecipient after such Award has been earned. The Committee shall maintain records as to all grants of Plan Share Awards under the Plan.
Appears in 1 contract
Sources: Recognition and Retention Plan and Trust Agreement (Citizens Bancorp)
Form of Allocation. As promptly as practicable after a determination is made pursuant to Section Sections 6.01 or 6.02 that a Plan Share Award is to be issued, the Committee shall notify the Recipient in writing of the grant of the Award, the number of Plan Shares covered by the Award Award, and the terms upon which the Plan Shares subject to the Award may shall be earneddistributed to the Recipient. The date on which the Committee so notifies the Recipient shall be considered the date of grant of the Plan Share Award. The Committee shall maintain records as to all grants of Plan Share Awards under the Plan.
Appears in 1 contract
Sources: Management Recognition Plan and Trust Agreement (First Defiance Financial Corp)